Flint Group raises prices on Offset Inks in Europe, Middle East & Africa

The upward pressure on raw materials for Offset
Inks has remained unabated and necessitates that Flint Group raise prices for
these specific product groups as of 1st January 2015.

“The market for pigment intermediates and pigments
has shown considerable increases due to more stringent environmental
regulations and strict enforcement of these regulations.” Jan-Paul van der
Velde, SVP Procurement, Sustainability, IT and Regulatory continuing that “As
well, various resins and basic chemicals used in the process industries remain
challenging, with continued upward price pressures sustaining a long run with
no relief in sight and fewer suppliers available with whom to partner.”

Craig Foster, President Print Media Europe
Division, adds that the industry has seen a steady creep upwards of pricing for
most inputs, as well as some significant increases in specific product types. Flint
Group, recognising the challenges our customers face, has worked doggedly to
mitigate increases through intensive efficiency programmes and the ongoing
development of a business appropriate lean organisation. He adds that “consistent product supply and quality
is vital to our valued customers and will never be compromised. Therefore,
despite our continued efforts to mitigate the impact of the ongoing cost
escalation, Flint Group is forced to pass modest increases through the supply
chain.”

The
new pricing is valid for the region Europe Middle East and Africa
and will take effect from 1st January 2015, subject to existing contracts.